One of the most obvious disadvantages to using manual timecard calculation and a punch clock is that no one is perfect. By using time clock software to perform these tasks, you virtually eliminate the possibility of errors in your payroll. This results in savings for you because it reduces accidental overpayment. This chart shows how our systems can boost your profits by simply reducing errors in your payroll.

 

Number of Employees 100 500 1000 5000
Average Wage $6.00 $6.00 $6.00 $6.00
Average Hours Per Week 40 40 40 40
Total Weekly Payroll $24,000 $120,000 $240,000 $1,200,000
Human Error Factor* .002 .002 .002 .002
Weekly Savings $60.00 $300.00 $600.00 $3,000.00
Annual Savings $3,120.00 $15,600.00 $31,200.00 $156,000.00


* Studies have shown the human error factor to be from 1% to 8%. In this example we have assumed .2% (.002).

 

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16425 N. Pima Rd
Suite 190
Scottsdale, AZ 85260

Main: (800) 227-9766
Sales: (480) 374-7710
Support: (480) 374-7730

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